Martin Shenkman
Contributor at Freelance
Attorney specializing in estate and tax planning. Founder of http://t.co/rkQvGV3AsF and http://t.co/aojNCLkWwI
Articles
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4 days ago |
forbes.com | Martin Shenkman
he Joint Committee on Taxation has just released the attached description of the tax provisions contained in the reconciliation legislation and it provides for a $15 million permanent estate tax exemption. Lots of implications to this, if it is enacted: No need to rush planning to use an exemption that was supposed to be cut in half in 2026. It may not be, but, consider that this still has to be enacted.
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1 week ago |
forbes.com | Martin Shenkman
IntroductionSometimes the most important estate planning steps are simple, little or no-cost, common sense things that are just overlooked. Here’s one: the emergency envelope. You should have an emergency envelope with key documents in it for you and each person in your household. You might even go a step further and make several of these.
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2 weeks ago |
forbes.com | Martin Shenkman
A very common family transaction is the transfer of funds to a child or other heir. How that ubiquitous matter is handled is key to the tax and legal consequences. A recent case held that the transfer was a loan, not a gift, which was a positive tax result for the taxpayer. Estate of Barbara Galli et al. v. Comr.., T.C., No. 7003-20. The Galli Court referred to a seminal loan characterization case in its analysis: Miller v. Commissioner, 71 T.C.M. (CCH) 1674 (1996).
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1 month ago |
forbes.com | Martin Shenkman
It’s Not Just About a Will, Trust or Other DocumentOne of the biggest mistakes people make with estate planning is to assume that estate planning means getting a document. Whether it is a will, a revocable trust, living trust, or any other document, a document without a plan is unlikely to protect you or your loved ones. Nor will likely accomplish your goals. Signing the best will or revocable trust, without more, just won’t cut the planning mustard.
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1 month ago |
flipboard.com | Martin Shenkman
'AITA for not making my son give his stepsister rides to and from school?' UPDATED"AITA for not making my son give rides to his stepsister to/from school?"I (45M) share three kids with my ex (16M, 14M, & 11F). We divorced 10 years …
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Short video: Estate Planning for Coronavirus Pandemic: Living Wills, Health Care Proxies and DNRs. To view this, and other videos and information, please visit https://t.co/xi09lrJULo * This may be construed as constituting attorney advertising https://t.co/ja2g74rdzN
Short video with Carol R. Kaufman: Home Inventories. To view this, and other videos and information, please visit https://t.co/xi09lrJULo * This may be construed as constituting attorney advertising #HomeInventories https://t.co/3yqZ7bIT5M
To view our recent webinar on "LGBTQ Planning: What Skills Do Planners Need to Properly Serve the Modern Family?," please visit the following link https://t.co/keZgqDwIpH You can also view other past webinars at https://t.co/8pYtBUqieo *This may constitute attorney advertising.